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Unga Group Plc (NSE: UNGA)

Analyst Team trader
Updated 10 Dec 2021

What is Unga Group Plc

Unga Group Plc is a Kenyan-based holding company with its investments in the business of flour milling and manufacturing of human nutrition products, animal feeds and animal health products.

The human consumption division produces a range of wheat flour products which include chapatti, mandazi, brown bread, maize meal, porridge and amana. The animal consumption division manufactures a range of animal food and mineral supplements.

Other subsidiary companies include Ennsvalley Bakery Limited, Unga Farm Care (EA) Limited, and Unga Millers (Uganda) Limited. Over 90% of products are produced for the Kenyan domestic market with some exports to Tanzania, Uganda and Rwanda.

The history of Unga Group Plc dates back to 1908 which makes Unga one of Kenya’s oldest companies.

In 2000, Unga Group entered into a strategic investment partnership with Seaboard Corporation to form Unga Holding Limited. All Unga Groups operations were transferred to the newly created subsidiary. Unga Group Plc owns 65% and Seaboard Corporation 35% shares.

In 2015, the Unga Group re-entered the bread market through its purchase of Ennsvalley Bakery. This move was aimed to diversify the group’s investments. This acquisition was funded by the proceeds the group earned from the sale its 51% stake in Bullpak, the group’s paper packaging subsidiary, to South African based Nampak.

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Unga Group Plc

Unga Group

Today, Unga Group Plc has a diversified portfolio in more sectors of the value chain and renders the following services through two business segments: human nutrition, and animal nutrition and health. The human nutrition segment produces products for human consumption. The animal nutrition and health segment produces animal feed and mineral supplement products and distributes products for animal health.

Unga Group Plc's equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol UNGA.

Unga Group Plc has its headquarters in Nairobi.

Unga Group Plc forms part of the Food Processing Industry and the Consumer Goods Sector.

Unga Group Plc Stock Performance

The current price for Unga Group Plc stocks is 28.50 Kenyan Shilling (KES). The company has a total market capitalisation of 2.16B KES with a P/E ratio of 11.92 and earnings per share of 2.39 KES. A total of 75.7M shares are outstanding.

With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell Unga Group Plc stocks can be assured of lucrative dividends and earnings in times to come.

According to an analysis on the live chart of Unga Group Plc, analysts forecast further improved performance with market share growing as trading volumes increase.

Highlights of Unga Group Plc in 2021

Unga Group Plc started the year with a share price of 31.80 KES, but it has since lost 10.4% in value on its price valuation, ranking 44th on the NSE where year-to-date performance is concerned.

Unga Group Plc is currently the 55th most-traded stock on the NSE and it has experienced a total trading volume of more than 22,500 shares, which were finalized in 27 deals and were valued at a total of 679,250 KES over three months, with an average of 357 shares in each trading session.

The highest volume shares traded on one single day was 10,700.

Unga Group Ltd - How To Trade

How to buy Unga Group Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders' participation daily. To buy, sell or trade Unga Group Plc stocks, traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “UNGA”.
  2. Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.

FAQs

The Nairobi Securities Exchange (NSE), was established in 1954 as Nairobi Stock Exchange, and is the leading stock exchange in East Africa. It offers world class trading facilities for both its local and foreign investors looking to gain exposure to the country’s rising economy.

The exchange is based in Nairobi, the capital of Kenya, which has one of the fastest-growing economies in Sub-Saharan Africa. The NSE operates under the jurisdiction of the Capital Markets Authority of Kenya. It is governed by a board of 11 directors.

In 2008, the NSE launched the NSE All-Share Index (NASI). The NASI is a market capitalization-weighted index comprising all listed securities, effectively, the benchmark index for the Kenyan stock market.

In 2011, in conjunction with FTSE International, the NSE introduced the FTSE NSE Kenya 15 and FTSE NSE Kenya 25 indices which are designed for the creation of index tracking funds and derivative products. The NSE 25 Share Index measures the top 25 companies.

Analyst Team trader
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.